Buy Your First Home With Confidence
- Get better mortgage advice
You're Closer Than You Think
“We’re not ready yet…” is something we hear every day… right before helping those same people buy their first home.
The truth? Most first home buyers have more options than they realise. At YMB, we help first-time homebuyers:
- Access first home buyer grants and stamp duty concessions you qualify for
- Explore guarantor loans that may allow you to enter the market with minimal or no deposit, depending on your circumstances
- Compare first home loan options from 40+ lenders that banks won’t show you
- Feel confident and in control throughout the entire process
Whether you’re six months or six weeks away from buying, we’ll create a clear roadmap to get you there.
Which First Home Buyer Path Fits You?
First Home Loan Deposit Scheme
Ready to buy with a smaller deposit? We'll help you access government schemes that let you purchase with as little as 5% or 2% for single parents down. Learn How It Works →
Guarantor Home Loans
Have family who own property and want to help? A family guarantee could get you into the market sooner while avoiding LMI costs. Explore Guarantor Options →
Traditional Home Loans
Compare home loans for first-time buyers across 40+ lenders to find competitive rates and flexible features. See Your Loan Options →
Why First Home Buyers Choose Our Mortgage Brokers
The difference between feeling overwhelmed and feeling confident? Having the right guide by your side.
- We speak your language. No finance jargon, just clear explanations and honest advice.
- We’re on your team. Unlike banks, we work for you, not the lender.
- We make it simpler. From paperwork to settlement, we handle the heavy lifting.
- We find options you won’t. With access to 40+ lenders, we’ll find home loans for first-time buyers that traditional banks might miss.
When it comes to choosing mortgage lenders for first-time home buyers, having an expert in your corner makes all the difference.
- Personalised guidance (vs templated bank advice)
- Faster pre-approvals, real talk, and less jargon
- Access to 40+ lenders across Australia
- We make the paperwork easy — and explain what actually matters
Our 3-Step Process to Buying Your First Home
1. Book a call and get your borrowing potential explained in plain English
2. Get a tailored lending strategy and lender shortlist
3. Move toward pre-approval with support at every step
What Other First Home Buyers Say
“We thought we couldn’t buy yet — but we could.”
“They made it simple and stress-free.”
“I finally felt like someone was in my corner.
“They made it simple and stress-free.”
Get Your First Home Buyer Roadmap
Download our free guide to understand the exact steps you need to take to buy your first home in Australia.
First Home Buyer Questions, Answered
While 20% is ideal, you can buy with as little as 2% through the First Home Loan Deposit Scheme or with 0% through a guarantor home loan. The exact amount depends on your income, the property price, and which grants you qualify for. We can help you understand what’s realistic for your situation.
The scheme allows eligible first home buyers to purchase with just a 5% deposit, without paying LMI. Eligibility depends on your income (singles under $125,000, couples under $200,000) and the property price cap in your area. Victoria has regional and metropolitan price caps that we can explain in detail.
Banks can only offer their own products, which significantly limits your options. As your mortgage broker, we compare loans from over 40 lenders to find the best fit for your situation. We also provide step-by-step guidance throughout the entire process, handle all paperwork with lenders, and offer strategies that a bank simply won’t.
Pre-approval typically takes 3-5 business days, while full approval after finding a property can take 2-3 weeks. Working with us can speed up this process as we prepare your application properly the first time and work with lenders who can meet your timeframes.
As a first home buyer, you’ll need to budget for stamp duty (though exemptions may apply), legal fees (typically $1,500-$2,500), building and pest inspections ($400-$800), and potentially LMI if you have less than 20% deposit. We’ll help you understand all costs upfront so there are no surprises.
Yes! While traditional banks might make this difficult, we work with lenders who specialise in first-time homebuyers with non-traditional income. We’ll help you navigate the documentation requirements and find a lender who understands your situation.
First home buyers in Australia may be eligible for a range of government programs and incentives designed to help them enter the property market sooner. These include federal schemes, as well as state-based grants and concessions, which vary depending on location.
National Programs (Available Australia-wide)
- First Home Guarantee (formerly FHLDS): Allows eligible first home buyers to purchase a home with as little as 5% deposit, with the government acting as guarantor for the remaining 15% (no LMI payable).
- Regional First Home Buyer Guarantee: Similar to the above, but designed for eligible buyers in regional areas.
- Family Home Guarantee: For eligible single parents (with or without dependent children) buying with a 2% deposit.
- Super Saver Scheme: Allows buyers to make voluntary super contributions (up to $15,000 per year, $50,000 total) and withdraw them to use towards a deposit.
| State/Territory | Grant | Stamp Duty Concessions | Other Schemes |
|---|---|---|---|
| VIC | $10,000 FHOG for new homes ≤ $750k in metro, $20,000 in regional areas | Exemption ≤ $600k, Concession ≤ $750k | Shared equity scheme (up to 25% contribution) |
| NSW | $10,000 FHOG for new homes ≤ $750k | Exemption ≤ $800k, Concession ≤ $1m | First Home Buyer Choice (opt-in annual land tax, phased out in 2024 for new buyers) |
| QLD | $30,000 FHOG for new homes ≤ $750k (increased mid-2024) | Partial concession ≤ $550k | Regional Boost (temporary top-up for eligible areas) |
| WA | $10,000 FHOG for new homes ≤ $750k–$1m (depending on location) | Concessions for ≤ $530k | Keystart low deposit home loans |
| SA | $15,000 FHOG for new homes ≤ $650k | Off-the-plan concession up to $21,330 | No stamp duty for eligible first home buyers of new builds (from 2024) |
| TAS | $30,000 FHOG for new builds | 50% concession ≤ $600k | Shared Equity Scheme available |
| ACT | No FHOG | Stamp duty exemption for eligible buyers based on income thresholds | Home Buyer Concession Scheme (based on household income and dependent status) |
| NT | $10,000 FHOG | Concessions limited | HomeBuild Access program (low deposit options) |
HECS/HELP debt affects your borrowing capacity but doesn’t impact your credit score. We’ll factor this into your application strategy and find lenders who take a reasonable approach to education debts.
You Don’t Need to Know It All, Just Where to Start.
We’ll show you how to take the next step — even if you’re still figuring things out.
The information on this website is general in nature and does not constitute personal financial, legal, or tax advice. Please consult a licensed financial adviser, tax professional, or legal adviser before making any financial decisions.
YMB provides credit assistance and lending structuring services only. We do not provide personal financial advice or tax advice.